secwatch.observer — SEC 8-K summary
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Issuer:     Commercial Vehicle Group, Inc. (CVGI)
CIK:        0001290900
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001628280-23-041193
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVG appoints James R. Ray as President and CEO, effective Dec 20, 2023
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- James R. Ray appointed President and CEO; interim CEO Robert Griffin remains Chairman.
- Mr. Ray receives $900K base salary, 100% target bonus, $230K relocation cash, $3.5K legal fees.
- Equity grant of $1.44M in restricted stock (3-year vest) and $1.76M performance shares expected March 2024.
- Mr. Ray brings experience from Stanley Black & Decker, TE Connectivity, and GM; has served on CVG board since March 2020.
- CEO search led by Heidrick & Struggles; transition reflects planned succession process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290900/000162828023041193/0001628280-23-041193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290900/000162828023041193/cvgi-20231208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-041193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer